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The Latest Breaking News on Financial Services

JPMorgan's Jamie Dimon Blasts Employees Push For Hybrid Work: 'Don't Waste Time On It'

Chief executive officer Jamie Dimon of JPMorgan Chase gave a rather frank reply in response to growing employee pushback about returning to in-office work.

International Business Times

Rachel Reeves accused of ‘cavalier attitude’ to expenses during banking career

Chancellor and PM insist there was no wrongdoing after claims she was investigated for alleged misuse of expenses

The Guardian - UK

Rachel Reeves caught lying on CV AGAIN about jobs at Bank of England and Halifax

CHANCELLOR Rachel Reeves lied about the amount of time she spent working for both the Bank of England and the Halifax Bank of Scotland (HBOS) ...

The National (Scotland)

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Starmer backs Reeves amid scrutiny of CV changes and banking career expenses

Sir Keir Starmer believes the Chancellor can be trusted and has no concerns about her conduct, Number 10 said.

Evening Standard

Barclays to hand share award to staff after yearly profit surges by a quarter

The banking group will be handing out share awards worth £500 to the vast majority of its staff following the financial performance.

Evening Standard

Barclays to hand share award worth £500 to staff after yearly profits surge by a quarter

The banking group will be handing out share awards worth £500 to the vast majority of its staff following the financial performance.

The Independent UK

Pay of Barclays CEO more than doubles to £10.5m as profits soar

Other top performers at group share £1.9bn bonus pool while 90,000 employees awarded £500 each in shares

The Guardian - UK

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Barclays boss sees total pay package double to more than £10 million

Pay bonanza comes as high street bank profits rose by a quarter to £8.1 billion in 2024

Evening Standard

Germany's Commerzbank To Cut Jobs To Fight Off UniCredit

German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, seeking to fight off pressure for a tie-up from Italian bank UniCredit.

International Business Times

Mortgage market cheered by return of sub 4% fixed rate deals from Barclays and Santander

The return of stability in the City’s money markets has allowed lenders to offer cheaper mortgage deals

Evening Standard

Commonwealth Bank posts $5bn profit as Australian households struggle. Here are four things we learned

While some of its customers are under considerable pressure, CBA is enjoying the fruits of its large mortgage portfolio, half-year financial results show

The Guardian - AU

Boost for UK borrowers as Santander ‘fires starting gun’ on mortgage price war

Bank to offer first two-year deal under 4% with rivals likely to follow suit

The Guardian - UK

HSBC online and mobile banking working again after service outage

It follows recent outages at other major banks in recent weeks.

Evening Standard

‘Let’s not forget the pain of the 2008 crisis in pursuit of growth,’ warns Andrew Bailey

Bank of England governor says there is ‘no trade-off’ between economic growth and financial stability

The Guardian - UK

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The Independent UK

Bank of England chief cautions over cutting regulation post-financial crisis

Andrew Bailey insisted there was ‘no-trade off between economic growth and financial stability’ in a speech delivered in London on Tuesday.

AAP

Bank moratorium 'too late' for rural towns left behind

The federal government has announced a moratorium on regional bank closures, but it's cold comfort for those who have already lost their local branches.

Evening Standard

MPs quiz bank bosses over scale of IT failures after Barclays outage

The Treasury Committee, a cross-party group formed of 11 members, wrote to banks including Barclays, HSBC, Lloyds and Nationwide on Monday.

The Independent UK

Everything we know about retired British couple found dead in France

The bodies of Andrew and Dawn Searle were found in Les Pesquiès, southwest France

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The Guardian - UK

Will the bonus bubbly still flow as reality bites for British banks?

Job losses, shakeups and the motor finance commission scandal will cast a shadow over lenders when they start reporting results this week

The Guardian - UK

HSBC considering boosting new CEO’s pay package to £15m

Planned overhaul would see Georges Elhedery’s salary cut, with bonuses potentially raising maximum pay by 43%

The Independent UK

Firms raising prices ahead of trade tariff hikes, report finds

A poll of 1,500 businesses by HSBC found 39% of are increasing prices in anticipation of higher tariffs.

The Guardian - UK

Evelyn de Rothschild left bank in 2004 after sexual misconduct complaint

Rothschild & Co investigated complaint against the late financier in 2003 and he left shortly afterwards

StockNews.com

3 Regional Bank Stocks Positioned for Long-Term Growth

Regional banks are gearing up for long-term growth as interest rate cuts lower deposit costs and boost lending activity. With a strong financial foundation and increasing optimism in the sector, banks like BOK Financial Corp. (BOKF), Columbia Banking System (COLB), and Sierra Bancorp (BSRR) are well-positioned to thrive. Read more….

The Guardian - UK

Santander UK staff brace for more job losses after 38% drop in full-year profits

‘Cost efficiencies’ programme planned for UK arm rocked by car loan commission scandal

The Guardian - UK

Late financier Evelyn de Rothschild accused of abuse during banking career

Exclusive: Several women claim City grandee exploited his position to harass or sexually assault them in the 1990s

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